“Lower taxes on American business means higher wages for American workers, and it means more products made right here in the USA.” – President Donald J. Trump

PAY RAISE FOR AMERICANS: The tax relief and tax cuts supported by President Donald J. Trump will boost wages for hardworking Americans.

• The average American household income could increase between $4,000 and $9,000 a year in wages and salary alone by cutting the Federal corporate income tax rate from 35 percent to 20 percent, according to an analysis by the Council of Economic Advisors (CEA).

o Developed countries with the low corporate tax rates have seen significantly higher wage growth compared with developed countries with higher rates.

• Wages and corporate profits used to grow at nearly the same rate, but that is no longer the case. In the last eight years, wage growth has stagnated while corporate profits increased by an average of 11 percent per year, according to an analysis by the CEA.

o Wage growth has failed to keep pace with corporate profits as corporate tax rates in the United States have become uncompetitive.

o More than 70 percent of the corporate tax burden falls on Americans workers, according to an analysis from the Congressional Budget Office.

INVESTING IN AMERICAN JOBS: The Unified Framework for Fixing Our Broken Tax Code supported by President Trump will end the “offshoring model” as companies will bring profits back and invest in American workers.

• In 2016, a Federal corporate tax rate of 20 percent could have brought more than $140 billion in corporate profits back to America, according to an analysis by the CEA.

o Those profits could have helped boost the incomes of U.S. households.